BUZZ-Australia's BlueScope Steel set for second straight week of losses
Reuters
Feb 27
BUZZ-Australia's BlueScope Steel set for second straight week of losses
** BlueScope Steel BSL.AX down ~1% so far this week; set to log its second straight week of losses
** Steel producer said on Thursday A$15 billion ($10.68 billion) revised proposal from SGH and U.S.-based Steel DynamicsSTLD.O did not address co's valuation concerns
** Added it was open to transaction at price that reflects "fair value of BlueScope"
** However, BSL up 1% at A$27.985
** YTD, Stock up 20.1%
($1 = A$1.4049)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))
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